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House prices in London shot up 9.4pc in the year to September, official figures showed today, pushing the average UK property value up 3.8pc.
The figures, released by the Office for National Statistics, add more weight to warnings of a property bubble developing in the capital.

London’s Crossrail, Europe’s largest infrastructure project, will add around 13% to house prices between now and when the first train lines become operational in 2018, it is claimed.
The project, which is well underway, will increase the capacity of the city’s transport system by 10%, will lead to the average house price rising by £60,000, according to a new report from CBRE.